A few weeks ago I was talking with a friend about my income activities. Since becoming self-employed, I take on a lot of random opportunities that lead to (some) of my bills getting paid. Tutoring, taking surveys for ClearView research, managing small projects for individuals, and my unemployment check is how I currently survive. Paycheck to paycheck is an understatement.
My friend went on to explain that she and her husband budget their lives based on one income without even maxing their expenses at the top of that salary. I was flabbergasted! How was this possible?
After describing her family’s financial history, it became clear that she learned to manage money by observing the ebbs and flows of her parent’s financial maintenance. At that moment, I realized that I too learned from watching my mother maneuver financial sources like a chess game each month (I will save that lesson for a future entry).
My friend had learned financial management better than I did, and now I have some catching up to do.
I don’t think it’s too late. In my late 20’s I can actually visualize my financial freedom. I am on a two-year plan that involves learning all that Suze Orman has to teach.
On a daily basis I figure out how I to practically cut corners and save on my most common expenses. One thing I have started doing is using coupons to save on purchases at grocery stores.
Also, on my previous post, Shaped by Budget: Aligning Goals With Personal Finance, Ruben Berenguel commented that I should figure out how to increase my income instead of being confined to what I currently take home.
Since then, I have consistently found ways to make more money. The additional income, whether it be $20 or $60, helps cover mandatory expenses, including gas and groceries.
In the comment section, please share some of your convenience saving tips or legal ways to make a few bucks quickly.
Below is an article from Shrinkage is Good by Jonathan Rivers. The post contains cost saving tips on common expenses.
- ASCW Life Plan (Part 3) (ashleyscwalls.com)